How is the Operating Room Equipment Market Poised for Growth: Trends and Opportunities Through 2034
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What fueled the previous growth in the operating room equipment market?
The market size for operating room equipment has witnessed robust growth in the past few years. The market is predicted to expand from a value of $16.55 billion in 2024 to reach $17.67 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. Factors such as the fast-paced growth of the elderly population, supportive government policies, augmented healthcare expenditure, and swift growth in emerging markets have all contributed to the growth during the historical period.
What will be the operating room equipment market size in the future?
The high-end shoe market is predicted to observe notable expansion in the upcoming years, with its size reaching $42.51 billion by 2029, progressing at a compound annual growth rate (CAGR) of 7.2%. The anticipated increase during the projected period is credited to factors such as an emphasis on sustainability, the emergence of new markets, and the promotion of inclusivity and diversity. Other contributing factors include emphasis on wellness and comfort, and crisis resilience. Key trends expected during this period encompass digital marketing and the use of social media, collaborations with cultural and artistic entities, direct-to-consumer (DTC) strategies, crafting compelling brand narratives, and introducing innovative designs.
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What main drivers are fueling expansion in the operating room equipment market?
The global rise in ambulatory surgical centers (ASCs) propels the operating room (OR) equipment market. Since every ASC must have an OR to perform surgeries, the proliferation of ASCs worldwide considerably boosts the OR equipment market’s growth.
What key areas define the segmentation of the global operating room equipment market?
The operating room equipment market covered in this report is segmented –
1) By Type: Anesthesia Devices, Endoscopes, Operating Room Lights, Operating Tables, Electrosurgical Devices, Surgical Imaging Devices, Patient Monitors
2) By Application: Cardiovascular Surgery, Thoracic Surgery, Neurosurgery, Other Applications
3) By End User: Hospitals, Outpatient Facilities And Ambulatory Surgery Centers
Subsegments:
1) By Anesthesia Devices: Anesthesia Machines, Vaporizers, Anesthesia Monitors
2) By Endoscopes: Rigid Endoscopes, Flexible Endoscopes, Accessories For Endoscopy
3) By Operating Room Lights: Surgical LED Lights, Surgical Halogen Lights, Examination Lights
4) By Operating Tables: General Surgical Tables, Specialty Surgical Tables, Adjustable Operating Tables
5) By Electrosurgical Devices: Electrosurgical Generators, Electrosurgical Instruments, Smoke Evacuators
6) By Surgical Imaging Devices: C-Arms, Surgical Ultrasound Systems, Intraoperative CT Scanners
7) By Patient Monitors: Multi-Parameter Monitors, Bedside Monitors, Portable Monitors
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Who are the dominant players expanding their reach in the operating room equipment market?
Major companies operating in the operating room equipment market include Medtronic plc, Olympus Corporation, General Electric Company, Stryker Corporation, Koninklijke Philips N.V., Getinge AB, Drägerwerk AG, Hill-Rom Holdings Inc., Nihon Kohden Corporation, Steris PLC, STAAN Bio-Med Engineering Private Limited, GE Healthcare, Covidien Healthcare, Philips Healthcare, Fisher & Paykel Healthcare, Smiths Medical, Metran Co. Ltd, Siemens Healthcare, Opto Circuits, Fukuda Denshi, Canon Medical Systems, Nipro, Honeywell, Mindray, Boston Scientific, Abbott Laboratories, Fresenius, Thermo Fisher Scientific, DePuy Synthes, Simeon Medical GmbH & Co. KG, EMTEL, Teleflex Incorporated, Johnson & Johnson LLC, Alvo Medical, Mizuho OSI, Karl Storz gmbh & co, KLS Martin Group, ResMed Inc.
How are evolving market trends shaping operating room equipment Strategies?
The trend of incorporating hybrid operating rooms is a novel development seen globally in the operating room market. Unlike traditional operating rooms, hybrid operating rooms are equipped with modern medical imaging systems and instruments designed to facilitate superior interventional imaging and less invasive surgical procedures. This multifaceted environment involves the coordination of various medical professionals, including surgeons, nurses, anesthesiologists, and technicians. The presence of hybrid operating rooms in healthcare institutions has seen a significant increase worldwide. Thanks to their sterilized environment, surgeons find it easier to carry out operations. The advantages of these operating rooms such as reducing overall healthcare costs, improving patient safety, and decreasing the duration of surgeries, forecast a growing acceptance in areas like neurosurgery, cardiology, and orthopedics.
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Which regions are emerging as leaders in the operating room equipment market?
North America was the largest region in the global operating room equipment market in 2024. Western Europe was the second largest market in the operating room equipment market. The regions covered in the operating room equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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